7-Eleven CEO pushes back at ValueAct, says spin-off will jeopardise growth

7-Eleven CEO pushes back at ValueAct, says spin-off will jeopardise growth

FILE PHOTO: Seven & i Holdings Co. incoming President Ryuichi Isaka poses for a photograph next to the company logo and a map of Japan at the company headquarters in Tokyo, Japan, May 5, 2016. REUTERS/Issei Kato/File Photo

A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd told Reuters.